To date, he has monkey hammered global bond markets, repealed Dodd-Frank, reinstated Goldman Sachs at Treasury, installed Exxon at the State Department, initiated a global trade war, imploded the retail sector, endorsed a manic melt-up rally, and incentivized the Fed to increase their pace of Monetary tightening...
This week, Global stocks, Oil (red) and U.S. investor complacency (VIX) aligned the same way they did in 2014 right before the wheels came off the bus. The difference being that this time oil prices and global stocks are far lower and gasoline/oil inventories are far higher...
Furthermore, oil realized volatility reached the same level as well...
Exxon (red) with U.S. oil inventories
Meanwhile, global carry (USDJPY) and the epic reach for junk have rolled over in unison deja vu of 2008:
Meanwhile, global carry (USDJPY) and the epic reach for junk have rolled over in unison deja vu of 2008:
Of course, there is no actual reflation, just the same end-of-cycle con job as last time...
Wage CPI with Baltic Dry Index (global trade):
Fool me three times, shame on me:
Gamblers sold out to the Anti-Christ trade hook, line, and sinker. The same way they go ALL IN at every top:
Wage CPI with Baltic Dry Index (global trade):
Fool me three times, shame on me:
Gamblers sold out to the Anti-Christ trade hook, line, and sinker. The same way they go ALL IN at every top:
Mutual Fund cash balances:
This godless society deserves what's coming.
Going...
